Sir Fred Goodwin should be a “Social Pariah” as most of the powerful and monetary elite should be treated, especially those related to virtual money entity’s, he is the poster boy for this kind of self delusional retarded illogical monetarists, where perceived value is most important, and corruptive behaviour occurs to raise the percieved value of extremely subjective virtual money assets so that these companys can then buy real assets with real values, organisations like these have the potential to buy up the real world in trade for financial assets that dont really exist, these people are very dangerous, and often if they were clinically analysed would be proven to be psychotic individuals. They go on to make mega losses and then retire to huge luxurious lifestyles insulated from the general world by the large monetary rewards that are gifted to them by their corrupt cronies upon leaving the club, with barely any relation to logic.
These people are also often internationalist’s with no loyalty to countrys, governments, people in general, anyone except themselves and their cronies, and only temporarily their cronies, similar in virtue as many criminal alliances are, here he is living in france (ie escape the mess I created in the UK with my selfish-ness and virtue constructed purely of greed) sending his kids to a posh school, living the life of riley, what will he have learnt from this ? imo precisely nothing usefull , he learnt absolutely nothing, because he was rewarded in a supreme way for failure, The only thing he learnt was to be utterly self rewarding and self focussed, create as much artificial value as possible, make sure that you yourself are secure, and have an escape route, Preferably back out just before the blow-up you can see coming for years, actually occurs, then blame it on some supposebly undectable ghost like nasty, like a tidal wave of unforseen global economic circumstances. Its amusing how those people who create economic circumstance, can at the same time say ‘economic circumstance’ is something that effects them, that came out of nowhere, and that theyre behaviours, in no way engendered, or brought such circumstances upon themselves.
Banks lent money they could not truly account for in their own finances, full stop.
Any 4 year old child, cannot … if given a cookie, loan it … at the same time, to 20 other children, and if of those 20 children, 5 decide not to eat their cookie, that original lending child cannot then virtually hold, those uneaten cookies and count them as assets to loan further cookies with similar loaning and leverage power as the first and only real cookie, there has often not been a clearly traversable path of logic in finance for some time, mainly because the interested party’s have needed the nebulous and complex nature of money, in order to hide this illogical nature for the purpose of making lots of virtual money, which can then be exchanged with the unwitting for the tangibly more valuable.
The problem is generally that the financial world likes to create itself complicated enough, that ordinary people cannot logically assert through conversation what is going on within it, they do this by creating an internal language deliberately obtuse. One of the problems here is that even a physical objects value is difficult to assert in the sense that really all value is subjective, therefore for virtual financial instruments these can be played around with to the extent of obscene fantasy, and then these fantasys if beleived, can then be exchanged for physical assets of a slightly more provable value. In the previous climate pre-crash, allot of this rationalisation was occurring as these companys had to inform investors that what they been investing was artically valued too high or sometime almost worthless in its entirety. People who work in these arena’s know its a carpet baggers industry.
Finance for the last twenty years has tried to take the numbers out of the equation, and replace them with variables and where numbers are used they are often artificially shipped in, from an unquestioned source, and that source, when investigated will show the numbers shipped in, are often again backed up with more variables. Imagine if you will coding a program, where the value of all variables was just another variable.
Until the point arrives where fixed values are inserted in place of those variables, every percieved value maybe a fantasy.
The finance industry should never be though of as trustworthy, any money you place with such self agrandising egotist clubs should be though of as being at as high a risk, as with your general tipster in a betting shop.
here is a link to some other social pariahs of dubious societal use:
and we the duplicitous sheep of the world have encouraged these looneys, by not regulating any social sense of right or internal morality, above that which is encoded in law. Of course we now see ourselves bailing out these institutions, only to see the druggy fiends fixing themselves with private cash bonuses in the millions, when they still owe billions to us. Its a bit like a violent stranger whose main job was to mug you, asking to borrow 500 pounds to pay an urgent bill for £500.00 because theyre in some terrible financial straight, and threatening the sky will fall in on your head if you don’t. And you discover that the real bill cost they have is £200.00 and they just blew £100.00 on treating themselves, as a reward for securing the loan from you. These people live in fantasy land and the more delusional they get the more they become isolated, in a little social scene of their own only interacting with their own kind, this is what makes them social pariahs, as delusional people need to stick together to sustain a group illusion. And now that we own this group of dillusionists, any losses that occur as a result of the delusions and the process involved in making them, we will have to pay for ?